Technical analysis of oil (Dani Leviant)
Oil slowed down on technical correction and expectations for new drivers.
Brent chart (current price: $ 75.50)
The Brent found support at the highs of April while remaining under pressure of risks.
- Resistance 1: From $ 76.00 (technical level)
- Resistance 2: From $ 76.50 (psychological level)
- Support 1: From $ 75.00 (psychological level, significant level of April)
- Support 2: From $ 74.50 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, confirming the unloading after the decline.
WTI chart (current price: $ 66.70)
The WTI brand is traded in flat, correcting after the decline.
- Resistance 1: From $ 67.50 (technical level)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 66.00 (psychological level, significant level of April)
- Support 2: From $ 65.30 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, thereby confirming the correction.